Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Solve clearly, explanation is more important, don't copy. When the federal government orders firms to use particular methods to reduce pollution, it is said to

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed

Solve clearly, explanation is more important, don't copy.

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed
When the federal government orders firms to use particular methods to reduce pollution, it is said to be using global initiatives. command-and-control policies. market-based policies. C 13. O strong-arm tactics.A government action that can help correct positive externalities is O a tax on producers of the good that provides external benefits. 14. O a subsidy to consumers of the good that provides external benefits. a fee charged to producers of the good that provides external benefits. O regulations aimed at reduced production by sellers of the good that provides external benefits.What is the difference between a positive externality and a negative externality? Whether the price rises or falls. 10. Whether the perspective is the buyer's or the seller's. Whether the welfare of bystanders rises or falls. O Whether bystanders have a direct or inverse relationship to the decision maker.A large farming operation which uses a potent fertilizer is located up river from a trout farmer. If property rights of the river exist and transactions costs are low, the amount of pollution will be O efficient if either the farming operation or the trout farmer own the river. O inefficient if the farming operation owns the river. O efficient only if the trout farmer owns the river. 11Why might an efficient outcome be reached even without Coasian bargaining? Social norms can lead people to consider the impact on others, even without bargaining and payments. When many people are involve, the benefits of coming to an agreement are very large. It is not possible to reach the efficient outcome without bargaining and payments. 1 2

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting

Authors: C Thomas,

12th Edition

007760086X, 9780077600860

More Books

Students also viewed these Economics questions

Question

=+ Describe the components. Which month was left out? Why?

Answered: 1 week ago

Question

Thesis Statement for Managerial Accounting.

Answered: 1 week ago